While the prospect of making money can be a real incentive for many business people, the whole subject of finance often causes the eyes to glaze over. However, good financial management is the lifeblood of a successful business, so before you move swiftly to another section, allow us to guide you gently through some of the complexities of finance.
Why not try our online business review?
This quick business focussed assessment of your plans and performance will produce a dedicated set of priority actions, a plan of support and links to an experienced business adviser:
- If you started your business in the last year - click here for a review of your current performance and plans for the future
- If you have been running for more than a year - click here for a chance to check that you're on the right path
We begin with the basics of cashflow management and consider credit control, interest on late payments and debt recovery. We then look at managing your creditors and insolvency. These should ensure that the money keeps flowing and what to do when things are not so good.
If it's sources of finance you're after, be sure to look at this section. We discuss different types of loans and look at grants, venture capital, Business Angels, factoring and invoice discounting and import and export finance.
If you need to brush up on financial management, prepare for your annual accounts or want to know more about the Euro and how if could affect your business, see our accounting section.
Finally, if you find the whole subject of tax or National Insurance confusing, check out our section on tax.
Remember that if you'd rather talk to someone, you can reach us on 0845 600 99 66 during office hours (Mon to Fri - 08:30 to 17:30) or, if you'd rather we call you, use our 'call me back' link under 'contact us'.
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